Binance Expected to Launch Crypto Services in Japan
Crypto exchange Binance will begin offering full services for Japanese users in August, said its CEO Changpeng Zhao. Following its November 2022 acquisition of Sakura Exchange BitCoin, Binance will reenter the Japanese market for the first time since 2018.After being compelled to leave Japan in 2018 owing to regulatory concerns, the world’s largest cryptocurrency exchange […]
Japan’s Prime Minister Reaffirms Web3 Adoption Plans
Fumio Kishida, the prime minister of Japan, reaffirmed the nation’s dedication to fostering the Web3 industry, highlighting its potential to foster innovation across industries to revolutionize the internet. Kishida made the remarks during a keynote address on the first day of the WebX conference in Tokyo, Japan, as first reported by CoinPost. The CEO of […]
Japan Gives Tax Break to Crypto Issuers to Boost Blockchain Sector
Japan has revised its tax rules for cryptocurrency issuers, exempting them from paying corporate taxes on unrealized gains on tokens they issued and held. The tax exemption aims to facilitate business activities involving token issuance and support the growth of Japan’s blockchain and crypto sectors. Japan is one of the pioneers in regulating and adopting […]
Japanese Regulators Warn OpenAI Against Data Collection
Japanese regulators have warned OpenAI about collecting sensitive data from users without permission and that it is prepared to take further action if there are additional concerns. Officials in Japan are tightening their position on artificial intelligence (AI) after the country’s privacy watchdog warned the parent company of ChatGPT about its data collection practices. The […]
XDC Network enters Japan via SBI VC Trade Partnership
XDC Network, formerly XinFin, has expanded its presence on the Japanese market through a partnership with SBI VC Trade, a subsidiary of SBI, a Tokyo-based financial holding company. On May 31, XDC Network announced that it would join SBI’s subsidiary crypto exchange. The CEO of the exchange, Fumiki Ozaki, has confirmed the news: “We are […]